Favorable News Coverage Somewhat Unlikely to Impact ScanSource (NASDAQ:SCSC) Share Price

Media stories about ScanSource (NASDAQ:SCSC) have trended positive on Friday, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. ScanSource earned a coverage optimism score of 0.30 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 47.13300014491 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the news articles that may have effected Accern Sentiment’s scoring:

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Shares of ScanSource stock traded up $0.10 during trading hours on Friday, reaching $35.55. The company’s stock had a trading volume of 134,400 shares, compared to its average volume of 108,459. The company has a market cap of $909.06, a P/E ratio of 11.89, a PEG ratio of 3.75 and a beta of 1.05. ScanSource has a one year low of $31.40 and a one year high of $45.35. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.26 and a current ratio of 2.15.

ScanSource (NASDAQ:SCSC) last issued its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.10. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $965.15 million. ScanSource had a net margin of 1.18% and a return on equity of 9.06%. ScanSource’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period last year, the firm posted $0.75 EPS. sell-side analysts predict that ScanSource will post 3.16 earnings per share for the current year.

A number of research analysts have recently issued reports on SCSC shares. BidaskClub downgraded shares of ScanSource from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 7th. ValuEngine downgraded shares of ScanSource from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded shares of ScanSource from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, Northcoast Research upgraded shares of ScanSource from a “neutral” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Monday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $40.50.

WARNING: This report was first posted by BBNS and is the property of of BBNS. If you are reading this report on another website, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this report can be viewed at https://baseballnewssource.com/2018/03/30/scansource-scsc-given-daily-coverage-optimism-rating-of-0-30/1977572.html.

ScanSource Company Profile

ScanSource, Inc is a provider of technology products and solutions. The Company and its subsidiaries provide solutions for technology manufacturers and sell to resellers in technology markets, such as point-of-sale (POS) and Barcode, Networking and Security, Communications and Emerging Technologies. It operates through two segments: Worldwide Barcode & Security and Worldwide Communications & Services.

Insider Buying and Selling by Quarter for ScanSource (NASDAQ:SCSC)

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